Centennial Wealth Advisory LLC Buys 42 Shares of Meta Platforms, Inc. (NASDAQ:META)

Centennial Wealth Advisory LLC increased its position in shares of Meta Platforms, Inc. (NASDAQ:META) by 2.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,191 shares of the social networking company’s stock after purchasing an additional 42 shares during the quarter. Meta Platforms accounts for approximately 0.5% of Centennial Wealth Advisory LLC’s investment portfolio, making the stock its 26th largest position. Centennial Wealth Advisory LLC’s holdings in Meta Platforms were worth $1,283,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of META. International Assets Investment Management LLC boosted its stake in shares of Meta Platforms by 57,001.5% during the third quarter. International Assets Investment Management LLC now owns 9,517,111 shares of the social networking company’s stock valued at $5,447,975,000 after purchasing an additional 9,500,444 shares in the last quarter. Integrated Investment Consultants LLC grew its holdings in Meta Platforms by 61,769.3% in the third quarter. Integrated Investment Consultants LLC now owns 4,132,870 shares of the social networking company’s stock worth $2,365,820,000 after purchasing an additional 4,126,190 shares during the period. World Investment Advisors LLC increased its holdings in shares of Meta Platforms by 4,658.5% during the third quarter. World Investment Advisors LLC now owns 909,548 shares of the social networking company’s stock valued at $520,662,000 after acquiring an additional 890,434 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Meta Platforms by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 48,160,608 shares of the social networking company’s stock worth $27,470,870,000 after acquiring an additional 698,884 shares during the last quarter. Finally, National Pension Service boosted its holdings in Meta Platforms by 14.6% during the 3rd quarter. National Pension Service now owns 4,318,046 shares of the social networking company’s stock worth $2,471,822,000 after acquiring an additional 550,852 shares during the last quarter. 79.91% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

META has been the subject of a number of research analyst reports. Wolfe Research increased their price target on Meta Platforms from $670.00 to $730.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Needham & Company LLC reissued an “underperform” rating on shares of Meta Platforms in a report on Monday, January 27th. UBS Group lifted their price objective on shares of Meta Platforms from $736.00 to $786.00 and gave the stock a “buy” rating in a research report on Thursday, January 30th. Pivotal Research raised their price target on shares of Meta Platforms from $800.00 to $875.00 and gave the stock a “buy” rating in a research note on Thursday, January 30th. Finally, Hsbc Global Res raised Meta Platforms to a “hold” rating in a report on Thursday, October 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, thirty-five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Meta Platforms presently has an average rating of “Moderate Buy” and an average target price of $717.90.

Insider Activity

In other Meta Platforms news, CTO Andrew Bosworth sold 5,057 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $577.16, for a total transaction of $2,918,698.12. Following the completion of the transaction, the chief technology officer now owns 8,565 shares of the company’s stock, valued at approximately $4,943,375.40. This trade represents a 37.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mark Zuckerberg sold 55,589 shares of the company’s stock in a transaction that occurred on Friday, February 7th. The stock was sold at an average price of $717.72, for a total value of $39,897,337.08. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 756,735 shares of company stock valued at $475,285,232. Corporate insiders own 13.71% of the company’s stock.

Meta Platforms Stock Performance

NASDAQ META opened at $719.80 on Wednesday. The company has a fifty day moving average of $631.85 and a 200-day moving average of $578.74. Meta Platforms, Inc. has a 52-week low of $414.50 and a 52-week high of $725.01. The company has a debt-to-equity ratio of 0.16, a quick ratio of 2.98 and a current ratio of 2.98. The company has a market capitalization of $1.82 trillion, a P/E ratio of 30.09, a P/E/G ratio of 1.46 and a beta of 1.20.

Meta Platforms (NASDAQ:META) last released its quarterly earnings data on Wednesday, January 29th. The social networking company reported $8.02 earnings per share for the quarter, beating analysts’ consensus estimates of $6.75 by $1.27. Meta Platforms had a return on equity of 38.17% and a net margin of 37.91%. During the same quarter last year, the firm earned $5.33 earnings per share. As a group, equities research analysts predict that Meta Platforms, Inc. will post 26.66 EPS for the current fiscal year.

Meta Platforms Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Monday, December 16th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $2.00 annualized dividend and a dividend yield of 0.28%. Meta Platforms’s dividend payout ratio is 8.36%.

Meta Platforms Company Profile

Meta Platforms, Inc engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately.